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The only grant awarded in the county was $800,000, to Kenai Peninsula Economic Development District.
According to the Internal Revenue Service, opportunity zones were added to the tax code under The Tax Cuts and Jobs Act of 2017. The bill has come under some criticism for creating another big tax break for the ultra-wealthy.
The following table shows how much the EDA invested in projects in all boroughs in Alaska in 2020.
Total awarded by borough in Alaska (2020)
| Rank | Borough | Total |
|---|---|---|
| 1 | Kenai Peninsula Borough | $800,000 |
| 2 | Aleutians West Census Area | $227,922 |
| 3 | Nome Census Area | $189,428 |
ORGANIZATIONS IN THIS STORY
Cooper Landing• Homer• Moose Pass• Nanwalek• Kasilof• Seldovia• Ninilchik• Soldotna• Nikolaevsk• Sterling• Port Graham• Kachemak• Fox River• Lowell Point• Diamond Ridge• Nikiski• Beluga• Anchor Point• Tyonek• Happy Valley• Seward• Seldovia Village• Bear Creek• Funny River• Crown Point• Kalifornsky• Hope• Sunrise• Salamatof• Ridgeway• Point Possession• Cohoe• Clam Gulch• Primrose• Fritz Creek• Kenai City• Halibut Cove
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